Under Section 146 of the Indian Contract Act, 1872, the co-sureties are liable to contribute:
Section 146 of the Indian Contract Act provides that, in the absence of a contract to the contrary, co-sureties are liable to contribute "Equally" towards the debt guaranteed.
Choose your answer
Under Section 146 of the Indian Contract Act, 1872, the co-sureties are liable to contribute:
Answer and explanation
Correct answer C
Section 146 of the Indian Contract Act provides that, in the absence of a contract to the contrary, co-sureties are liable to contribute "Equally" towards the debt guaranteed.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
PU-CET PG LLM
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision